Archive for March, 2012
CEO Alan Mulally expands Ford stock holdings by $34.5M
Ford CEO Alan Mulally has added $34.5 million worth of Ford stock to his portfolio, part of his 2009 performance incentives, according to a Tuesday filing with the U.S. Securities and Exchange Commission.
Geneva notebook
General Motors said it will take two to three months to announce a restructuring plan for its money-losing European operations.
Ford’s Alan Mulally reaps $34.5M in automaker stock via ’09 performance incentives
The performance-based restricted stock from 2009 was converted to shares on Saturday. Ford stock closed at $12.09 Tuesday, giving the shares a current value of $34.5 million. In the last year, Ford shares have fallen 13.7%. The stock awards are trigger…
Marchionne: ‘Conditions exist’ for Chrysler public offering
In 2009, when Chrysler emerged from Chapter 11 bankruptcy, the company was structured so that an initial public offering would be easy.
“We have now created a corporate governance system that’s effectively capable of handling a public U.S. listed compa…
Marchionne may push back Dodge Dart launch to avoid April Fool’s Day jinx
The Dodge Dart is the first Chrysler model to use Fiat architecture under the nearly three-year-old alliance. Chrysler workers at the Belvidere, Ill., assembly plant will produce the compact sedan.
With photos: Ford launches B-Max subcompact at Geneva auto show
Ford launched its new B-Max family car at the Geneva Motor Show today, amid concerns that faltering demand in Europe may require mass market automakers to consider further plant closures.
GM paying $424M for 7% share of Peugeot
General Motors is paying 320 million euros, or about $424 million, for the 7% of Peugeot Citroen it is acquiring in a proposed cost-cutting alliance announced last week, according to a U.S. Securities and Exchange Commission filing. Last week, executiv…
Ford sending fixes for MyFord Touch systems
Help, in the form of upgraded software, is in the mail for about 300,000 owners of 2011-12 model-year Ford vehicles with MyFord Touch, company officials said Monday.
Chevy Volt/Opel Ampera is named European Car of Year
The Chevrolet Volt, which sells in Europe as the Opel Ampera, has been named European Car of the Year by automotive journalists from 23 countries. The award was made Monday on the eve of the Geneva auto show. The Opel Ampera made its European debut at …
Big trucks shift to natural gas
Ram intends to announce its plan today to produce a heavy-duty pickup this year that runs on compressed natural gas, the Free Press has learned, making it the second Detroit automaker in two days to publicly embrace the technology.